Two of Bankman-Fried’s Colleagues Plead Guilty in FTX Fraud Scheme

Two people linked to the now defunct crypto exchange platform FTX Trading Ltd. pleaded guilty to criminal charges for their role in a multi-year scheme that defrauded investors of billions of dollars, U.S. Attorney Damian Williams announced Wednesday. The confession of Caroline Ellison, the former CEO of Alameda Research; and Gary Wang, the former CTO of FTX Trading Ltd. (FTX) comes a week after the head of the platform Samuel Bankman-Fried was charged for allegedly diverting FTX investments to Alameda, his own privately-held crypto trading firm, in addition to his alleged campaign to influence public policy in Washington via large…